-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Wl8egfPXf/64+czEifM+guiHM9xKVGQvxI0S7zJa7uWaT4qt9BK/NYUzgW0NJpgB /Bz2mbpHYpqqu6RM0gIetQ== 0001123292-03-000420.txt : 20030905 0001123292-03-000420.hdr.sgml : 20030905 20030905205857 ACCESSION NUMBER: 0001123292-03-000420 CONFORMED SUBMISSION TYPE: 4/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20001215 FILED AS OF DATE: 20030905 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MEDIABAY INC CENTRAL INDEX KEY: 0001040973 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 650429858 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2 RIDGEDALE AVENUE CITY: CEDAR KNOLLS STATE: NJ ZIP: 07927 BUSINESS PHONE: 9735399528 MAIL ADDRESS: STREET 1: 2 RIDGEDALE AVENUE CITY: CEDAR KNOLLS STATE: NJ ZIP: 07927 FORMER COMPANY: FORMER CONFORMED NAME: AUDIO BOOK CLUB INC DATE OF NAME CHANGE: 19970612 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HERRICK NORTON CENTRAL INDEX KEY: 0000904829 FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-13469 FILM NUMBER: 03884860 BUSINESS ADDRESS: STREET 1: C/O HERRICK CO STREET 2: 2 RIDGEDALE AVE CITY: CEDAR KNOLLS STATE: NJ ZIP: 07927 BUSINESS PHONE: 973-539-1390 MAIL ADDRESS: STREET 1: C/O HERRICK CO STREET 2: 2 RIDGEDALE AVE CITY: CEDAR KNOLLS STATE: NJ ZIP: 07927 4/A 1 edgar.xml PRIMARY DOCUMENT X0201 4/A2000-12-152000-12-19 0001040973 MEDIABAY INC MBAY 0000904829 HERRICK NORTON C/O THE HERRICK COMPANY 2 RIDGEDALE AVENUE CEDAR KNOLLS NJ 07927 1010Convertible Senior Subordinated Note Due December 31, 200411.1252000-12-154J01388125.001388125.00A1998-12-312004-12-31Common Stock1247751388125.00DConvertible Senior Subordinated Note Due December 31, 200411.1252000-12-154J0596125.00596125.00A1998-12-312004-12-31Common Stock535841984250.00DCommon Stock Warrants (Right to Buy)8.412000-12-154J064779D2000-08-252003-12-31Common Stock64779910221DCommon Stock Warrants (Right to Buy)8.412000-12-154J018480A2000-08-252003-12-31Common Stock18480928701DOn December 15, 2000, the Reporting Person rescinded the sale of $1,388,125 principal amount note that was the subject of a sale agreement with SPH Equities, Inc. (SPH) dated August 25, 2000, as discussed in note 1 to the Reporting Person's amended Form 4 for August 2000. SPH failed to pay the purchase price as required under the sale agreement. The effect of the rescission was the acquisition by the Reporting Person of the entire principal amount of the note with the same terms as the Convertible Senior Subordinated Note described in note 1 of the Reportin g Person's amended Form 4 for September 1999.On December 15, 2000, the Reporting Person rescinded the sale of $596,125 principal amount of the note that was the subject of a sale agreement with Millworth Investments, Inc. (Millworth) dated August 25, 2000, as discussed in note 3 to the Reporting Person's amended Form 4 for August 2000. The Reporting Person rescinded the sale because of the failure of Millworth to pay the entire amount due. The Reporting Person had an understanding with Millworth that the Reporting Person retained a right to receive a percentage of the profits derived from the sale by Millworth of any shares of Common Stock acquired upon conversion of the $1,388,125 principal amount convertible note. Prior to the rescission, Millworth, whose President is Howard Appel, a business acquaintance of the Reporting Person, had converted in the aggregate $792,000 of the $1,388,125 principal amount convertible note and received 440,000 shares of Common Stock upon conver sion. [Continuation of prior footnote] Of these 440,000 shares, 170,000 were sold by Millworth and 270,000 were delivered to two third-party entities in private transactions in satisfaction of an obligation of the Reporting Person. The Reporting Person has no continuing beneficial ownership in these shares. The sales and deliveries of the converted shares are reported in the Reporting Person's Form 5 for the year ended December 31, 2000. The effect of the rescission was the acquisition by the Reporting Person of $596,125 principal amount of the note with the same terms as the Convertible Senior Subordinated Note described in note 1 of the Reporting Person's amended Form 4 for September 1999.The Reporting Person received 64,779 warrants pursuant to the letter agreement dated December 31, 1998, which is referenced in note 1 of the Reporting Person's Form 4 for September 1999. Because the transactions to which the warrants related were rescinded, th e Reporting Person returned to the Issuer for cancellation all of the warrants issued in connection with those transactions.These warrants were issued pursuant to the letter agreement dated December 31, 1998 described in note 1 of the Reporting Person's amended Form 4 for September 1999. The number of warrants issued represented the warrants issuable upon a refinancing of $792,000 of the $1,388,125 principal amount sold to Millworth of the $15,000,000 note referenced in note 1 in the Reporting Person's amended Form 4 for September 1999.Norton Herrick2003-09-05 -----END PRIVACY-ENHANCED MESSAGE-----